TIDMUBG
RNS Number : 7563D
Unbound Group PLC
23 June 2023
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART
DIRECTLY OR INDIRECTLY IN, INTO OR FROM ANY JURISDICTION WHERE TO
DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR
REGULATIONS OF THAT JURISDICTION.
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION.
Unbound Group plc
(" Unbound", the "Company" or the "Group")
Response to Press Speculation
The Board notes recent press speculation regarding the possible
implementation of a restructuring plan. Consistent with the
strategic review and formal sale process initiated by the Board, as
announced on 19 May 2023, the Board and the Company's advisers
continues to explore the options available to maximise value for
the Company's shareholders and the Group's other stakeholders. The
Board will continue to provide further updates as appropriate.
Enquiries
Unbound Group plc c/o Alma PR
Ian Watson, CEO
Gavin Manson, CFO
Singer Capital Markets (Financial Adviser,
Nominated Adviser & Broker)
Peter Steel / Tom Salvesen / Alaina Wong +44 (0)20 7496
/ James Fischer 3000
Interpath Advisory Ltd (Joint Financial
Adviser) +44 (0)20 3989
Will Wright / Andrew Stone / Jack Brazier 2800
Alma PR Limited (Financial PR) +44 (0)20 3405 0205
Josh Royston / Sam Modlin / Hannah Campbell unbound@almapr.co.uk
Important Information
This announcement (including any information incorporated by
reference in this announcement) contains statements about the Group
that are or may be deemed to be forward looking statements. Without
limitation, any statements preceded by or followed by or that
includes the words "targets", "plans", "believes", "expects",
"aims", "intends", "will", "may", "anticipates", "estimates",
"projects" or words or terms of similar substance of the negative
thereof, may be forward looking statements.
These forward looking statements are not guarantees of future
performance. Such forward looking statements involve known and
unknown risks and uncertainties that could significantly affect
expected results and are based on certain key assumptions. Many
factors could cause actual results to differ materially from those
projected or implied in any forward looking statement. Due to such
uncertainties and risks, readers should not rely on such forward
looking statements, which speak only as of the date of this
announcement, except as required by applicable law.
The distribution of this announcement in jurisdictions outside
the United Kingdom may be restricted by law and therefore persons
into whose possession this announcement comes should inform
themselves about, and observe, such restrictions. Any failure to
comply with the restrictions may constitute a violation of the
securities laws of such jurisdictions.
Disclosure requirements of the Code
Under Rule 8.3(a) of the Code, any person who is interested in
1% or more of any class of relevant securities of an offeree
company or of any securities exchange offeror (being any offeror
other than an offeror in respect of which it has been announced
that its offer is, or is likely to be, solely in cash) must make an
Opening Position Disclosure following the commencement of the offer
period and, if later, following the announcement in which any
securities exchange offeror is first identified. An Opening
Position Disclosure must contain details of the person's interests
and short positions in, and rights to subscribe for, any relevant
securities of each of (i) the offeree company and (ii) any
securities exchange offeror(s). An Opening Position Disclosure by a
person to whom Rule 8.3(a) applies must be made by no later than
3.30 pm (London time) on the 10th business day following the
commencement of the offer period and, if appropriate, by no later
than 3.30 pm (London time) on the 10th business day following the
announcement in which any securities exchange offeror is first
identified. Relevant persons who deal in the relevant securities of
the offeree company or of a securities exchange offeror prior to
the deadline for making an Opening Position Disclosure must instead
make a Dealing Disclosure.
Under Rule 8.3(b) of the Code, any person who is, or becomes;
interested in 1% or more of any class of relevant securities of the
offeree company or of any securities exchange offeror must make a
Dealing Disclosure if the person deals in any relevant securities
of the offeree company or of any securities exchange offeror. A
Dealing Disclosure must contain details of the dealing concerned
and of the person's interests and short positions in, and rights to
subscribe for, any relevant securities of each of (i) the offeree
company and (ii) any securities exchange offeror(s), save to the
extent that these details have previously been disclosed under Rule
8. A Dealing Disclosure by a person to whom Rule 8.3(b) applies
must be made by no later than 3.30 pm (London time) on the business
day following the date of the relevant dealing.
If two or more persons act together pursuant to an agreement or
understanding, whether formal or informal, to acquire or control an
interest in relevant securities of an offeree company or a
securities exchange offeror, they will be deemed to be a single
person for the purpose of Rule 8.3.
Opening Position Disclosures must also be made by the offeree
company and by any offeror and Dealing Disclosures must also be
made by the offeree company, by any offeror and by any persons
acting in concert with any of them (see Rules 8.1, 8.2 and
8.4).
Details of the offeree and offeror companies in respect of whose
relevant securities Opening Position Disclosures and Dealing
Disclosures must be made can be found in the Disclosure Table on
the Takeover Panel's website at www.thetakeoverpanel.org.uk ,
including details of the number of relevant securities in issue,
when the offer period commenced and when any offeror was first
identified. You should contact the Panel's Market Surveillance Unit
on +44(0)20 7638 0129 if you are in any doubt as to whether you are
required to make an Opening Position Disclosure or a Dealing
Disclosure.
Market Abuse Regulation
The information contained within this announcement would have,
prior to its release, constituted inside information as stipulated
under Article 7 of the Market Abuse Regulation (EU) No.596/2014 as
incorporated into UK domestic law by virtue of the European Union
(Withdrawal) Act 2018 as amended by virtue of the Market Abuse
(Amendment) (EU Exit) Regulations 2019 ("UK MAR"). Upon the
publication of this announcement via a regulatory information
service, this inside information will be considered to be in the
public domain. For the purposes of UK MAR, the person responsible
for arranging for the release of this information on behalf of
Unbound is Gavin Manson.
Publication on website
In accordance with Rule 26.1 of the Code, a copy of this
announcement will be available on the website of Unbound at
www.unboundgroupplc.com promptly and by no later than 12 noon
(London time) on the business day following this announcement. The
content of the website referred to in this announcement is not
incorporated into and does not form part of this announcement.
Other notices
Singer Capital Markets Advisory LLP ("Singer Capital Markets"),
which is authorised and regulated by the UK Financial Conduct
Authority, is acting exclusively for Unbound and for no one else
and will not be responsible to anyone other than Unbound for
providing the protections afforded to its clients or for providing
advice in relation to the matters referred to in this announcement.
Neither Singer Capital Markets, nor any of its affiliates, owes or
accepts any duty, liability or responsibility whatsoever (whether
direct or indirect, whether in contract, in tort, under statute or
otherwise) to any person who is not a client of Singer Capital
Markets in connection with this announcement, any statement
contained herein or otherwise.
Interpath Ltd (trading as Interpath Advisory) is authorised and
regulated in the United Kingdom by the Financial Conduct Authority
("FCA") and is acting exclusively for the Group and for no one else
in connection with the subject matter of this announcement and will
not be responsible to anyone other than the Group for providing the
protections afforded to its clients nor for providing advice in
relation to the subject matter of this announcement.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
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Kingdom. Terms and conditions relating to the use and distribution
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END
SPCBGGDLIGDDGXX
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June 23, 2023 06:11 ET (10:11 GMT)
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